U.S. equity markets have rebounded after a challenging 2022, with the Dow Jones Industrial Average having risen by 4.4% after dropping by 8.8% in 2022. Walgreens Boots Alliance (NASDAQ: WBA), Nike (NYSE: NKE), and 3M (NYSE: MMM) have lost about 43%, 22%, and 19%, respectively, since the start of 2023. Walgreens' troubles don't just extend to this year, which is reflected in the stock performance.
3M (MMM) closed at $93.46 in the latest trading session, marking a -0.45% move from the prior day.
In this short video, Fool.com contributor Parkev Tatevosian considers the critical variables that determine dividend sustainability for 3M (NYSE: MMM). *Stock prices used were the afternoon prices of Sept.